CEI Releases 2021 Impact Report: Helping Entrepreneurs Build Pandemic-Resilient Businesses, Growing 400+ Jobs

November 18, 2021 – Brunswick, Maine — Coastal Enterprises, Inc. (CEI) reported its 2021 impact, a look at how its combined economic development tools—business financing and advice, financial coaching and policy advocacy—helped entrepreneurs like Sara Rademaker of American Unagi in Waldoboro, Leslie Clark of Portland Recovery Community Center, Miranda Taylor of Taylor’s Tots in Canton, and Tawnya Clough of Mosher Seafood in Farmington, launch and grow their businesses through the myriad of challenges of the COVID-19 pandemic.

Baltimore’s First Zero Energy Multifamily Development Supports Penn North Community Vision For Affordable Housing, Small Business And Nonprofit Space

with Investment from Woodforest CEI-Boulos Opportunity Fund, a partnership between Woodforest National Bank and CEI-Boulos Capital Management THE WOODLANDS, Texas, Nov. 15, 2021 /PRNewswire/ — The Woodforest CEI-Boulos Opportunity Fund, a high-impact commercial real estate Opportunity Zone fund established by Woodforest National Bank® and CEI-Boulos Capital Management, announced its $1.1 million equity investment in the Zero Energy North Avenue Affordable Housing project located in the recently designated “Black Arts District” in West Baltimore’s Penn North neighborhood. The Woodforest CEI-Boulos Opportunity Fund is the only outside equity investor in the $4.9 million, environmentally innovative project spearheaded by Baltimore’s Schreiber Brothers Development. The project, which will rehabilitate abandoned, historic townhouses, is the first multifamily, zero energy development in Baltimore and the first mixed-use, zero energy development in Maryland. Some construction jobs will be filled by a workforce development nonprofit providing training and experience in sustainable development and solar panel installation to individuals with low incomes.

OPEGA Releases Positive Review of the Maine Historic Rehabilitation Tax Credit

November 10, 2021|Augusta, ME – The Office of Program Evaluation and Government Accountability released its evaluation of the Maine Historic Rehabilitation Tax Credit (HRTC), finding that the tax credit’s structure and administration are sound and efficient, the credit follows best practices, and program data is robust. The evaluation also found that the HRTC incentivizes historic preservation and community revitalization, promoting affordable housing, job creation, and economic growth.